Form 5500 is an annual information
return filed by employee benefit plans. The IRS uses this
information to determine if the plan appears to be operating
properly as required under the law or whether the plan should be
audited.
US Code:
26
USC 6058 Name of Law: Information required in connection with
certain plans of deferred compensation
PL:
Pub.L. 109 - 280 1 Name of Law: The Pension Protection Act of
2006 (PPA)
PL:
Pub.L. 111 - 192 201 Name of Law: Preservation of Access to
Care for Medicare Beneficiaries and Pension Relief Act of 2010
The below table summarizes the
burden changes. The Change Due to Agency Discretion is the result
of the IRS decision to not release Form 5500SUP due to the phase
out of paper filing in 2021. The Change Due to Agency Estimate is
the result of the most currently filing figures received from DOL.
The addition of the checkboxes to the form is not expected to
change the burden estimates.
$14,400,000
No
No
No
No
No
No
No
Leslie Larson 202
317-8691
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.